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Interglobe Aviation Ltd Directors Report.

Dear Shareholders,

The Board of Directors of the Company ("Board") have pleasure in presenting
their sixteenth report on the business and operations of InterGlobe Aviation Limited
("the Company", "Our Company" or "we") for the financial
year ended March 31, 2019.

1. Financial Results

The Companys financial performance (Consolidated and Standalone) for the financial
year ended March 31, 2019 as compared to the previous financial year ended March 31,2018
is summarised below:

(Rupees in million, except earnings per share)

Particulars

Consolidated

Standalone

2018-19

2017-18*

2018-19

2017-18*

Revenue from operations

284,967.72

230,208.87

284,967.72

230,208.87

Other Income

13,245.98

9,468.56

13,249.36

9,468.56

Total Income

298,213.70

239,677.43

298,217.08

239,677.43

Profit before tax

(1,473.78)

31,266.27

(1,490.47)

31,266.77

Current Tax

(15.24)

(6,689.82)

-

(6,689.82)

Deferred tax credit / (charge)

3,061.49

(2,153.21)

3,051.82

(2,153.21)

Profit after tax (PAT)

1,572.47

22,423.24

1,561.35

22,423.74

Other Comprehensive Income net of tax

1.34

2.51

1.34

2.51

Total Comprehensive Income

1,573.81

22,425.75

1,562.69

22,426.25

Earnings per equity shares of the face value of Rs. 10 each

Basic (Rs.)

4.09

60.03

4.06

60.03

Diluted (Rs.)

4.09

59.90

4.06

59.90

*Agile Airport Services Private Limited, wholly owned subsidiary of the Company started
its operations on September 06, 2018 and hence the figures for the previous financial year
ended March 31,2018 are not comparable.

2. Financial Performance

For the year under review, the total standalone income stood at Rs. 298,217.08 million
as compared to Rs 239,677.43 million in the previous financial year ended March 31, 2018.
The profit after tax decreased from Rs. 22,423.74 million to Rs. 1,561.35 million for the
financial year under review. For details, please refer to the standalone financial
statements forming part of this Annual Report.

3. Operational Performance

As of March 31,2019, the Company operated scheduled services to 68 destinations
including 16 international destinations with a fleet of 217 aircraft, consisting of 130
A320ceos, 71 A320neos, 1 A321neo and 15 ATRs. The Company was ranked as one of the best
airlines for the second consecutive year amongst the top 20 mega airlines globally in
terms of on-time performance based on the data compiled by OAG. Further, the Company was
the only Indian airline to have made it to this list. The Company continued to be the
leading airline in terms of on-time performance (OTP) with an average OTP of 81.6% at four
key metros for the financial year ended March 31, 2019. During the year under review, the
Company had a technical dispatch reliability of 99.87% and flight cancellation rate of
0.81%. The Company has been awarded a total of 86 routes covering 30 additional routes in
the Phase III of bidding under Regional Connectivity scheme.

As a part of our international expansion strategy, the Company had entered into its
first codeshare and mutual cooperation agreement with Turkish Airlines. This will allow
our customers to reach several destinations on the Turkish Airlines Network beyond
Istanbul.

During the year under review, the Company partnered with Smartkargo, an innovative
cloud based air cargo management solution, to power the future growth for its end - to -
end air cargo and logistics business.

For a detailed analysis of the operational performance of the Company, please refer to
Management Discussion and Analysis Report forming part of this Annual Report.

4. Dividend

The Board has framed a Dividend Distribution Policy in line with Regulation 43A of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing
Regulations). The said policy is uploaded on Investor Relations section of the website
of the Company at www.goindigo.in. Based on Companys cash position and
profitability for the year under review, the Board has recommended a Final Dividend of Rs.
5 per equity share of the face value of Rs. 10 each for the financial year ended March
31,2019. The Final Dividend, subject to the approval of the shareholders of the Company at
their forthcoming Annual General Meeting ("AGM"), will be paid to the
shareholders whose names appear in the Register of Members / Register of Beneficial owner
as on the record date fixed for this purpose. The total estimated amount of dividend
payable, if approved by the shareholders, based on the current paid up share capital of
the Company is Rs. 1,922.98 million (excluding corporate dividend tax).

5. Amount to be carried to reserves

For the financial year under review, the Company has not transferred any amount to the
reserves.

6. Share Capital

The issued, subscribed and paid up share capital of the Company as at March 31, 2019
stood at Rs. 3,844.07 million consisting of 384,406,838 equity shares having face value of
Rs. 10 each. During the year under review, no shares were issued by the Company.

7. Utilisation of Institutional Placement Programme Proceeds

During the financial year 2017-18, the Company had successfully completed an
Institutional Placement Programme (IPP) under Chapter VIII - A of the SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2009, as amended, pursuant to which
33,578,421 equity shares having a face value of Rs. 10 each were allotted / allocated, at
an issue price of Rs. 1,130 per equity share, consisting of fresh issue of 22,385,614
equity shares and an offer for sale of 11,192,807 equity shares by the selling
shareholders.

The proceeds of fresh issue of equity shares from IPP amounted to Rs. 24,796.69 million
(net of Companys share of fresh issue related expenses, which has been adjusted against
Securities Premium Reserve). As per the terms set out in the prospectus on "Use of
Proceeds", the Company was required to use the net proceeds of the fresh issue for
one or more of the following: acquisition of aircraft; purchase of ground support
equipment; repayment / prepayment of debt including finance leases for aircraft and
general corporate purposes. As at March 31, 2019, 20% of IPP proceeds were unutilised and
temporarily invested / deposited in cash and cash equivalents including fixed deposits and
/ or debt mutual funds.

8. Employee Stock Option Scheme

Pursuant to the approval of the shareholders of the Company on June 25, 2015, the
Company had formulated InterGlobe Aviation Limited - Employee Stock Option Scheme 201 5
("Scheme") which was amended through postal ballot on September 07, 2016. Under
the said Scheme, the Company granted share based benefits to the eligible employees with a
view to attracting and retaining the best talent, encouraging employees to align their
individual performances with Companys objectives and promoting increased participation by
them in the growth of the Company.

During the year under review, the Nomination and Remuneration Committee of the Board
granted 100,000 stock options to an eligible employee.

During the year under review, the Company had not allotted any shares under the Scheme.
After the closure of the financial year 2018-19, the Nomination and Remuneration Committee
of the Board allotted 189,490 equity shares upon exercise of 189,490 stock options by the
employees under the Scheme. No employee has been issued stock options during the year,
equal to or exceeding one percent of the issued capital of the Company at the time of
grant.

The disclosure in compliance with SEBI (Share Based Employee Benefits) Regulations,
2014 is uploaded on Investor Relations section of the website of the Company at www.goindigo.in.

9. Subsidiary Company

During the year under review, Agile Airport Services Private Limited, a wholly owned
subsidiary of the Company ("Subsidiary Company"), started its operations on
September 06, 2018. A statement containing the salient features of the financial statement
of the Subsidiary Company in form AOC -1 in accordance with Section 129(3) of the
Companies Act, 2013 ("Act"), is annexed to the consolidated financial statements
and is given at page no. 242 of this Annual Report.

The Company has formulated a policy on Material Subsidiary in line with Regulation
16(1)(c) of the Listing Regulations and the same is available at Investor Relations
section of the website of the Company at www.goindigo.in. The Company does not have
any material subsidiary.

Pursuant to the provisions of Section 136 of the Act, the audited financial statements
of the Subsidiary Company is available at Investor Relations section of the website of the
Company at www.goindigo.in.

10. Related Party Transactions

During the year under review, the transactions entered into by the Company with its
related parties were reviewed and approved by the Audit Committee. All related party
transactions were in the ordinary course of business and on an arms length basis.

During the year under review, the Company had not entered into any contracts or
arrangements with related parties referred to in Section 188(1) of the Act, which required
the approval of the Board. In accordance with Regulation 23 of the Listing Regulations,
the Company has formulated a policy on materiality of Related Party Transactions and
dealing with related party transactions which was recommended by the Audit Committee and
approved by the Board. The policy is available at Investor Relations section of the
website of the Company at www.goindigo.in.

The disclosure of related party transactions as required under Section 134(3)(h) of the
Act, in form AOC - 2 is not applicable.

Further, for details of related party transactions, please refer to note no. 34 of the
notes forming part of the financial statements, attached to this Annual Report.

11. Directors and Key Managerial Personnel

During the year under review, Mr. Aditya Ghosh resigned as a Whole Time Director of the
Company with effect from April 26, 2018 and as President, effective from July 29, 2018.
The Board placed on record its appreciation for the contribution of Mr. Aditya Ghosh as
President and Whole Time Director of the Company.

Mr. Devadas Mallya Mangalore, erstwhile Chairman and Independent Non - Executive
Director passed away on November 25, 2018. The Board acknowledged the contribution of Mr.
Mallya as Chairman of the Board and that Mr. Mallyas sudden demise was an irreparable
loss to the Company.

The Board appointed Mr. Anil Parashar as an Additional Director (Non - Independent Non
- Executive Director) with effect from October 16, 2018. As per Section 161(1) of the Act,
Mr. Parashar will hold office till the date of ensuing AGM and is eligible for appointment
as a Director of the Company. The Company has received notice under Section 160(1) of the
Act proposing the appointment of Mr. Anil Parashar as a Director.

The Board appointed Mr. Meleveetil Damodaran as an Additional Director (Independent Non
- Executive Director) with effect from January 23, 2019 and as Chairman of the Board with
effect from January 24, 2019. As per Section 161(1) of the Act, Mr. Meleveetil Damodaran
will hold office till the date of ensuing AGM and is eligible for appointment as a
Director of the Company. The Company has received notice under Section 160(1) of the Act
proposing the appointment of Mr. Meleveetil Damodaran as a Director. The Board has also
recommended appointment of Mr. Meleveetil Damodaran, Director, as an Independent Director
of the Company for a period of 5 consecutive years with effect from January 23, 2019, for
approval of members of the Company by ordinary resolution, at the ensuing AGM.

Mr. Ronojoy Dutta was appointed by the Board as the Chief Executive Officer of the
Company with effect from January 24, 2019, based on the recommendation of the Nomination
and Remuneration Committee.

Mr. Rahul Bhatia, Non - Independent Non - Executive Director, retires by rotation and
being eligible, offered himself for reappointment at the ensuing AGM of the Company.

Pursuant to Regulation 17(1) of the Listing Regulations, the Board of top 500 listed
entities were required to appoint one woman independent director by April 01,2019. The
Company is in process of complying with the said requirement.

Mr. Meleveetil Damodaran and Dr. Anupam Khanna, Independent Directors of the Company
have given the certificate confirming that they meet the criteria of independence as laid
down under Section 149(6) of the Act and Regulation 16(1) (b) of the Listing Regulations.

None of the Directors of the Company is disqualified to act as a Director under Section
164 of the Act.

12. Number of meetings of the Board

During the year under review, nine meetings of the Board were held. The details of
meetings of the Board are given in the Corporate Governance Report forming part of this
Annual Report.

13. Committees of the Board

As on March 31,2019, the Board had following five committees:

i. Audit Committee

ii. Nomination and Remuneration Committee

iii. Risk Management Committee

iv. Corporate Social Responsibility Committee

v. Stakeholders Relationship Committee

The details of the composition, meetings and terms of references of the above stated
committees are given in the Corporate Governance Report forming part of this Annual
Report.

14. Board Evaluation

The Board had carried out an annual performance evaluation of its own performance, its
Committees and all the Directors, as required under the Act and the Listing Regulations.
The evaluation was undertaken by the Board on the basis of criteria formulated by the
Nomination and Remuneration Committee.

In a separate meeting of Independent Directors, the performance of Non Independent
Directors, the Chairman of the Board and the Board as a whole was also evaluated by the
Independent Directors.

15. Remuneration Policy

In compliance with Section 178 of the Act and Regulation 19(4) read with Part D of
Schedule II to the Listing Regulations and on the basis of the recommendation of the
Nomination and Remuneration Committee, the Board has formulated a policy InterGlobe
Aviation Limited - Nomination and Remuneration Policy on Directors appointment and
remuneration including recommendation on remuneration of the key managerial personnel and
other employees and the criteria for determining qualifications, positive attributes and
independence of a director.

The Policy is available at Investor Relations section of the website of the Company at www.goindigo.in.

16. Risk Management

The Company has implemented an enterprise risk management framework through which it
identifies the risk on an ongoing basis, mitigates, monitors & reports key risks that
impacts its ability to meet the strategic objectives.

The Board has constituted a Risk Management Committee to frame, implement and monitor
the risk management plan for the Company including looking into cyber security. The
Committee is responsible for reviewing the risk management plan and ensuring its
effectiveness. The Audit Committee has an additional oversight in the areas of financial
risks and controls.

The Company has also in place a risk management policy to address risks such as foreign
exchange risk, fuel price risk and interest rate risk, which was reviewed and approved by
the Board. The objective of the risk management policy is to recognise and manage fuel,
currency and interest rate risks, implement framework to manage these risks, comply with
local guidelines and mitigate its volatility.

A note on key risks of the Company is given in the Management Discussion and Analysis
Report, forming part of this Annual Report.

17. Corporate Social Responsibility

In compliance with Section 135 of the Act read with the Companies (Corporate Social
Responsibility Policy) Rules, 2014, the Board has constituted a Corporate Social
Responsibility Committee ("CSR Committee"). The Company has formulated a policy
on Corporate Social Responsibility ("CSR") which is available on Investor
Relations Section of the website of the Company at www.goindigo.in.

A brief note regarding the Companys initiatives with respect to CSR is given in
Annexure - A of this report in the prescribed format. The CSR projects of the Company
started this year are pilot programs that are being run with a timeframe of two- three
years. Basis the learnings from these pilot programs, the Company plans to scale up such
interventions and budgets in near future and moving forward the Company will endeavor to
spend the amount on CSR activities in accordance with the statutory requirements.
Therefore, the Company has spent less than 2% due to two reasons; firstly because the
Company wanted to draw future programs basis the learnings from existing projects and
secondly, the Company has a stringent system for monitoring of CSR funds that are being
incurred by our CSR partners and as a policy, we do not release tranches unless 90% of our
last tranche has been utilised and milestones of our programs achieved.

The details pertaining to the composition, meetings and terms of reference of the CSR
Committee is given in the Corporate Governance Report forming part of this Annual Report.

18. Statutory Auditors

B S R & Co. LLP, Chartered Accountants (Firm Registration no. 101248W/W-100022),
were appointed as the Statutory Auditors of the Company at the AGM held on September 08,
2014 for a term of five consecutive years from the conclusion of 11th AGM till the
conclusion of 16th AGM of the Company.

The Report given by the Statutory Auditors on the standalone financial statements of
the Company and the consolidated financial statements of the Company for the financial
year ended March 31,2019 forms part of this Annual Report. There have been no
qualification, reservation, adverse remarks or disclaimer given by the Statutory Auditors
in their Report which calls for any explanation.

In view of the requirement of mandatory rotation of the Statutory Auditors in
accordance with the requirements of Section 139 of the Act and on the basis of
recommendation of the Audit Committee, the Board has recommended the appointment of S.R.
Batliboi & Co. LLP (Firm Registration no. 301003C/C300005) as the Statutory Auditors
of the Company for a term of five consecutive years from the conclusion of 16th
AGM till the conclusion of 21st AGM of the Company. S.R. Batliboi & Co. LLP
have submitted a certificate, as required under Section 139(1) of the Act confirming that
they meet the criteria provided in Section 141 of the Act. Their appointment is subject to
the approval of the shareholders of the Company at the ensuing AGM.

19. Secretarial Auditors

Sanjay Grover & Associates, a firm of practicing Company Secretaries (Firm
Registration no. P2001DC052900) ("Secretarial Auditors"), carried out the
secretarial audit of compliance with the Act and the rules made thereunder, the Listing
Regulations and other applicable regulations as prescribed by SBI, Foreign exchange
Management Act, 1999 and other laws specifically applicable to the Company. The
Secretarial Audit Report in form MR-3 for the financial year under review is attached to
this Report as Annexure - B. The said report does not contain any qualification,
reservation or adverse remark or disclaimer made by the Secretarial Auditors, except that
(i) the composition of the Audit Committee and the Nomination and Remuneration Committee
was not proper for a short period during the year under review and imposition of penalty
by the stock exchanges for the same, which was caused due to sudden demise of erstwhile
Chairman and independent Director, who was Chairman / member respectively of these
Committees and the time taken for consequent reconstitution of these Committees post
filling of the said vacancy on the Board; and (ii) condonation of delay in filing CHG-4
for satisfaction of charge which was filed by the Company with a delay of 12 days.

In compliance with Regulation 24A of the Listing Regulations read with SBI
circular no. CIR/CFD/CMD1/27/2019 dated February 08, 2019, the Secretarial Auditors have
also issued Annual Secretarial Compliance Report for the financial year ended March
31,2019.

20. Cost Audit

The provisions of Cost Audit as prescribed under Section 148 of the Act, are not
applicable to the Company.

21. Whistle Blower Policy / Vigil Mechanism

In compliance with the provisions of Section 177 of the Act read with Regulations 22 of
the Listing Regulations, the Company has adopted a Whistle Blower Policy and has
established the necessary vigil mechanism for directors and employees to report concerns
about unethical behavior, actual or suspected fraud or violation of the Companys
policies. The Policy provides for adequate safeguards against victimization of persons who
avail the same and provides for direct access to the Chairperson of the Audit Committee.
The Audit Committee of the Company oversees the implementation of Whistle Blower Policy.
The Audit Committee, on a quarterly basis, reviews the status of complaints, summary of
findings and action taken in accordance with the policy.

The policy is available at Investor Relations section of the website of the Company at www.goindigo.in.

22. Prevention and prohibition of Sexual Harassment at Workplace

The Company has formulated a Policy on Prevention of Sexual Harassment at Workplace as
per the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition
& Redressal) Act, 2013. This Policy is applicable to all the complaints of sexual
harassment at work made by and against the employees as well as other vendors, trainees,
probationers, temporary and contractual staff.

The Company has complied with the requirements of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition & Redressal) Act, 2013 and the rules made
thereunder and had constituted an internal complaints committee to deal with the
complaints received by the Company. During the year under review, 20 complaints were
received which have been investigated after complying with due process. Further, the
Company has also submitted an annual return to the local authority in compliance with the
aforesaid act.

23. Internal Financial Control and their adequacy

The Company has an adequate Internal Financial Control system which ensured that the
transactions are authorized, recorded and reported correctly. The Board has adopted
policies and procedures for ensuring:

 Orderly and efficient conduct of its business including adherance to Companys
policies

 Safeguarding of its assets

 Prevention and detection of frauds and errors

 Accuracy and completeness of the accounting records

 Timely preparation of reliable financial information

24. Public Deposits

The Company has not accepted deposits from the public falling within the ambit of
Section 73 of the Act and the rules made thereunder.

25. Particulars of loans, investments, guarantees

The particulars of loans, guarantees and investments covered under Section 186 of the
Act read with the Companies (Meetings of Board and its Powers) Rules, 2014 as on March
31,2019, are given at note no. 5 and 6 of the notes forming part of the standalone
financial statements forming part of this Annual Report.

26. Material changes and commitments affecting the financial position of the Company,
between the end of the financial year and the date of this Report

Other than as stated elsewhere in the Report, there are no material changes and
commitments affecting the financial position of the Company between the end of the
financial year under review and the date of this Report.

27. Management Discussion and Analysis Report

The Management Discussion and Analysis Report on Companys operational performance,
industry trends and other required details prepared in compliance with Regulation 34 of
the Listing Regulations forms part of this Annual Report

28. Corporate Governance Report

A separate report on Corporate Governance together with a certificate from the
Secretarial Auditors of the Company regarding compliance of conditions of Corporate
Governance in accordance with Regulation 34 of the Listing Regulations forms part of this
Annual Report. Certificate from the CEO and CFO of the Company in terms of the Listing
Regulations, inter-alia, confirming the correctness of the financial statements and cash
flow statements, adequacy of the internal control measures and reporting of matters to the
Audit Committee, also forms part of this Report.

29. Business Responsibility Report

A separate Business Responsibility Report dealing with the various initiatives taken by
the Company on the environment, social and governance front in compliance with Regulation
34 of the Listing Regulations forms part of this Annual Report.

30. Extract of Annual Return

In compliance with Section 92(3) of the Act, the extract of Annual Return in prescribed
form MGT 9 is attached as Annexure - C to this report and is also placed in the Investor
Relations Section of the website of the Company at www.goindigo.in.

31. Consolidated Financial Statements

The Company has consolidated its financial statements with the financial statements of
its subsidiary in compliance with Section 129(3) of the Act. The total consolidated income
for the financial year ended March 31, 2019 stood at Rs. 298,213.70 million and the profit
after tax is Rs. 1,572.47 million. The Auditors Report on the Consolidated Financial
Statements does not contain any qualification, observation or adverse remarks or
disclaimer which calls for any explanation.

There are no significant material orders passed by the Regulators, Courts or Tribunals
impacting the going concern status of the Company and its operations in future.

33. Awards and Recognitions

During the year under review, the Company won various awards and recognitions, both
international and national. Some of the significant awards are as follows:

 Awarded Apex Regional Passenger Choice Award for being the Best Low Cost
Carrier in Asia and South Pacific.

 Awarded Best Low Cost Airline - Asia: at the Trip advisor Travelers Choice
Award 2019- third time in a row

 Awarded Best Low Cost Airline in Central Asia and India : for the ninth
consecutive time at the Skytrax World Airline

Awards 2018

 Awarded for Safety excellence by DIAL Safety Excellence

 Awarded Companies with Great Managers Award by People Business

 Awarded Best Domestic Budget Airline at the Zee Business Travel Awards

 Awarded, Best Airline - On Time Performance at ICONIC Awards

 Awarded Best Airline India (Domestic) at GMR Annual Awards 2018

34. Directors Responsibility Statement

Pursuant to Section 134(5) of the Act, the Board, to the best of its knowledge and
ability, confirm that:

i. in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;

ii. they have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view
of the state of affairs of the Company at the end of the financial year and of the profit
and loss of the Company for that period;

iii. they have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

iv. they have prepared the annual accounts on a going concern basis;

v. they have laid down internal financial controls to be followed by the Company and
that such internal financial controls are adequate and were operating effectively.

vi. they have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively

35. Particulars of employees

The details of remuneration as required to be disclosed under Section 197(12) of the
Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel), Rules, 2014 are given in Annexure - D forming part of this report.

The information required under Rule 5(2) and Rule 5(3) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, pertaining to the names of top ten
employees and other particulars of employees is provided in a separate annexure. In terms
of Section 136(1) of the Act and the rules made thereunder, the report and accounts are
being sent to the shareholders excluding the aforesaid Annexure. Any Shareholder
interested in obtaining a copy of the same may write to the Company Secretary at the
Registered Office of the Company. None of the employees listed in the said Annexure is
related to any Director of the Company.

36. Reporting of Fraud

The Auditors of the Company have not reported any instances of fraud committed in the
Company by its officers or employees as specified under Section 143(12) of the Act.

37. Conservation of Energy, Technology Absorption

The Company persistently strives to run its operations more efficiently to reduce its
fuel consumption and thus emissions. This endeavor entails the Companys continuous
commitment towards conservation of energy and motivated to engage in newer technological
advances.

The Company has incorporated policies for conservation of fuel and imparted training
procedures on the same to flight crew and aircraft maintenance engineers including flight
and ground procedures for fuel conservation. The Company ensures an adequate fuel for
sectors after evaluating various traffic trends thus avoiding any additional/ unnecessary
fuel upliftment, installing software for accurate flight planning which provides accurate
maps and most efficient flight path, restricting the use of auxiliary power units,
employing continuous descent approaches and economy cruise speeds, minimizing aircraft
weight by removing unnecessary equipment and optimizing engine settings for take-off and
climb. Fuel consumption is directly proportional to the weight of an aircraft. The Company
has sought to reduce the weight of the aircraft by selecting lighter seats and by choosing
to not have in-flight entertainment system.

The Company has also adopted fuel policies designed to reduce costs on the ground
including the use of the co-Power ngine Wash process for our engines, the use
of ground equipment in place of aircraft auxiliary power units which consumes more fuel,
use of single engine for taxing on ground and other engineering/operations protocols.
These policies are all designed to optimize fuel consumption, reduce carbon footprint and
thereby finally reducing costs.

The Company continues to explore feasibility to use ground vehicles on cleaner
alternative Fuels like CNG/ Electricity for reducing the carbon emissions, at Airports
wherever feasible.

Further, in its endeavor to promote various fuel conservation measures, the Company is
evaluating the use of alternate taxiing solutions and conducting trials which are underway
as a proof of concept of Dispatch with no destination alternate.

Majority of A320 aircraft delivered to the Company since September 2008, use
International Aero ngines Select-One engines. These engines use various
technological advancements to reduce aircraft fuel consumption compared to previous
IA engines. Our Companys fleet of aircraft includes A320neo aircraft which are up
to 15% more fuel efficient than the current A320 without sharklet aircraft. In the last
one year, 71 in-service A320neo aircraft have operated 121,541 flights thereby reducing
carbon emissions by 186.5 Kilo Tonnes during the year under review. Also in the previous
year, Company has operated 15 ATR 72-600 Turbo prop aircraft which are more fuel efficient
than Jet aircraft to operate on regional routes.

38. Compliance with Secretarial Standards on Board and General Meetings

The Company has complied with Secretarial Standards issued by the Institute of Company
Secretaries of India on Board Meetings and General Meetings.

39. Foreign exchange earnings and outgo

The details of foreign exchange earnings and outgo for the year ended March 31,2019 are
set out below:

Particulars

Amount (Rs. in million)

Foreign exchange earnings

28,585.03

Foreign exchange outgo

108,216.40

40. Acknowledgements

The Board place on record their appreciation for the exemplary contribution made by the
employees of the Company at all levels. Their dedicated effort and enthusiasm have been
pivotal to the Companys growth.

We also take this opportunity to express our appreciation for the support and
co-operation extended by the Government, Regulatory Authorities, Investors, Bankers, and
other Stakeholders.

"Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary." | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

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